Jobs · Finance · Massachusetts

Portfolio Manager

Beacon Bank · Boston, MA · 5 days ago
Finance$56k–$102k/yrFull-time

Credit Underwriting

Analyze and underwrite credit requests in a timely fashion by using some or all of the following resources: applications, spreads, financial statements, tax returns, credit bureaus, meetings with customers/prospects, appraisals, web research and other resources as necessary.

Determine if request is in compliance with Bank policy and note exceptions. Discuss deal structure, cash flow, collateral, and customer character with Commercial Bankers. Recommend alternative credit structures or products where appropriate. Accompany Commercial Bankers on customer calls and interact extensively with customers in person and over the phone. Interact with attorneys and financial professionals including CPA’s, CFO’s, etc. as needed to assist in the underwriting and closing process. Prepare loan memorandums. Conduct market surveys through contact with brokers, online research, etc.

Portfolio Management

Manage existing portfolio of customers by tracking and preparing annual renewals for lines of credit, reviews of term debt, and reviews of overdraft lines of credit. Maintain tracking database with updated information as needed. Conduct independent property inspections in conjunction with annual reviews. Identify potential problem loans and deficiencies. Assist customers when needed with questions regarding loans and retail products. Perform other related duties as required or directed.

Education & Experience

A bachelor’s degree in a relevant field is preferred. A minimum of (4) four years of commercial credit experience is required.

Skills & Knowledge

  • Excellent written and oral communication skills
  • Extensive knowledge of Microsoft Office suite products
  • Understanding of Banking compliance requirements
  • Well versed in the Bank’s credit policy and underwriting standards

Benefits

Actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location.

Pay

Salary range: $55,588-$102,474

Schedule

Exempt

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